Chinese Stocks, Yuan Primed for Gains on Return From Holidays
Chinese shares and the onshore yuan climbed on their return from a holiday, with sentiment boosted by Beijing’s supportive policy stance and signs of a continued consumption recovery.
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Chinese shares and the onshore yuan climbed on their return from a holiday, with sentiment boosted by Beijing’s supportive policy stance and signs of a continued consumption recovery.
One of China’s most-watched developers has told some investors that it readied cash for an upcoming yuan bond payment, a move that may boost a firm that’s faced concern about its liquidity amid a broader property debt crisis.
A Chinese program providing state guarantees to developer bonds will be put to the test this week, when payments come due from one of the most indebted builders.
Australia’s central bank will likely keep its key interest rate at a 12-year high and stick with it for much of the year to restrain inflationary pressures underpinned by a surprisingly tight job market.
Households go backwards in 13 developed economies as record immigration runs into a housing crisis.
Nov 30, 2021
Bloomberg News
,(Bloomberg) -- Celebrity physician Mehmet Oz, who hosts the “Dr. Oz” television show, is entering next year’s Republican primary in Pennsylvania to replace retiring U.S. Senator Pat Toomey in a key race for determining who controls the chamber.
Oz made the announcement Tuesday in an opinion piece posted on the Washington Examiner’s website and is expected to appear Tuesday night on Fox News host Sean Hannity’s show.
“We have not managed our crises as effectively as past generations,” Oz wrote. “During the pandemic, I learned that when you mix politics and medicine, you get politics instead of solutions. That’s why I am running for the U.S. Senate: to help fix the problems and to help us heal.”
Oz, 61, a heart surgeon, became nationally known as a featured health expert on “The Oprah Winfrey Show.” He has written books and hosted his own show but has not run for political office before. He has faced criticism for controversial medical opinions, including support for treating Covid-19 with hydroxychloroquine.
Oz joins a crowded GOP field that was shaken up last week when Sean Parnell, the candidate former President Donald Trump endorsed, suspended his campaign after a judge sided with his wife in a custody battle.
Other Republicans seeking the nomination include Carla Sands, who was Trump’s ambassador to Denmark, real estate investor Jeff Bartos and conservative political commentator Kathy Barnette. David McCormick, chief executive officer of Bridgewater Associates, may also run, according to the Associated Press.
Oz was born in Ohio, raised in Delaware and received his undergraduate degree from Harvard University and a joint medical degree and MBA from the University of Pennsylvania School of Medicine and Wharton Business School, according to his online biography. He has lived in New Jersey but said he’s lived in Pennsylvania since last year.
©2021 Bloomberg L.P.